Gantry Crane Market Size - By Type (Single Girder Gantry Crane, Double Girder Gantry Crane, Portable Gantry Crane), By Lifting Capacity (Below 25 Ton, 26 to 50 Ton, 51 to 80 Ton, Above 80 Ton), By Application (Construction, Manufacturing, Port & Logistics
Gantry Crane Market Size - By Type (Single Girder Gantry Crane, Double Girder Gantry Crane, Portable Gantry Crane), By Lifting Capacity (Below 25 Ton, 26 to 50 Ton, 51 to 80 Ton, Above 80 Ton), By Application (Construction, Manufacturing, Port & Logistics, Mining), Forecast 2024 - 2032
Gantry Crane Market size is set to record over 4% CAGR from 2024 to 2032, driven by increasing partnerships and collaborations alongside technological advancements. Engineers and manufacturers are working to improve the efficiency, safety, and load-bearing capabilities of these cranes. They are also integrating advanced materials and automation technologies to optimize operations in diverse industrial and construction settings.
The ongoing advancements in gantry crane technologies are helping in meeting the growing demands for heavier lifting capacities and more precise control, further driving productivity and safety standards in the construction and logistics sectors. For instance, in June 2023, AMCS Technologies, a collision avoidance technology supplier, and Wolffkran, a tower crane manufacturer partnered to integrate AMCS's zoning and anticollision systems into Wolffkran cranes to enhance safety and operational efficiency in crane operations.
The gantry crane industry is segmented into type, lifting capacity, application, and region.
The market share from the portable gantry crane type segment will record a decent growth rate between 2024 and 2032, due to increasing usage as a versatile solution for various lifting needs in diverse environments. Engineers are refining the designs of portable gantry cranes to improve mobility, ease of assembly, and load-bearing capacities. They are also integrating lightweight materials and advanced structural configurations to enhance portability without compromising strength. Innovations, such as the incorporation of smart sensors and automation features are further optimizing these cranes to improve operational safety and efficiency.
In terms of application, the gantry crane market from the construction segment is anticipated to witness significant CAGR from 2024-2032, driven by the rising need for lifting heavy materials and equipment at job sites. Engineers are enhancing gantry cranes to improve efficiency and safety standards while incorporating advanced control systems and robust materials to withstand rigorous construction environments. Rapid innovations are also streamlining the construction processes to improve productivity and ensuring safer working conditions.
Asia Pacific gantry crane industry size will record significant CAGR through 2032 due to the substantial government investments and the expansion of renewable energy projects. Governments are funding infrastructure development including port expansions and urban construction, further driving the demand for robust lifting solutions. Engineers and manufacturers are integrating sustainable practices and advanced technologies into crane designs to support renewable energy initiatives, such as wind and solar power installations. Moreover, the adaptation of gantry cranes for offshore wind farms to improve operational efficiency and safety in complex construction and energy projects will favor the regional product demand.
Chapter 1 Methodology & Scope
1.1 Market scope & definitions
1.2 Research design
1.2.1 Research approach
1.2.2 Data collection methods
1.3 Base estimates & calculations
1.3.1 Base year calculation
1.3.2 Key trends for market estimation
1.4 Forecast model
1.5 Primary research and validation
1.5.1 Primary sources
1.5.2 Data mining sources
Chapter 2 Executive Summary
2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Raw material providers
3.2.2 Application providers
3.2.3 Manufacturer
3.2.4 End user
3.3 Profit margin analysis
3.4 Application & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
3.8.1 Growth drivers
3.8.1.1 Industrial expansion drives the demand for gantry cranes
3.8.1.2 Port infrastructure upgrades boost gantry crane sales
3.8.1.3 Renewable energy projects require gantry crane support
3.8.1.4 Technological advancements attract new gantry crane buyers
3.8.2 Industry pitfalls & challenges
3.8.2.1 High initial investment costs deter some potential buyers
3.8.2.2 Regulatory changes affect crane operation and compliance
3.9 Growth potential analysis
3.10 Porter’s analysis
3.10.1 Supplier power
3.10.2 Buyer power
3.10.3 Threat of new entrants
3.10.4 Threat of substitutes
3.10.5 Industry rivalry
3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Type 2021 - 2032 ($Bn, Units)